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Z�15��955
<br /> QEED �F TRUST
<br /> {��ntl�ued� Pag� �
<br /> False 5�a�ements. Any warran�y, representation or statement made or furnished to Lender by Trustar ar on
<br /> Trustar`s behalf under this ❑eed ❑f Trust or the Related Documents is faise vr misieading in any material respec�,
<br /> either now or at the time made or furnished or f�ecames false or misleading at any time tMer�after.
<br /> �e�ective Collateralizat�vn. This Qeed af Trust or any of the Related Documents ceases ta be in �ull �orce and
<br /> e�fect {including faiiure nf any coilatera! document to cr�ate a valid and perfected security �nt�rest❑r lienf at any
<br /> time and for any reasvn.
<br /> �ns�t�ency. The dissolution vr terminativn vf the Trust,the insol�ency of Trustor, the appointment of a re�e��er�v�
<br /> any part v� Trustar's property, any assignment fvr the benef�t o# creditvrs, any type vf �reditor workaut, or the
<br /> comm�n�ernent❑f any pro�eeding under any hankruptcy or�nsvl�ency laws�y or agains�Trustar.
<br /> Creditor vr Forfeiture Pr�Geedings. Cvmmencement of fvreclasur� or farfeiture praceedings, whether by judicial
<br /> praceeding, self-he�p, repass�ssion vr any other method, �y any creditor af Trust�r or by any gv�ernmental agency
<br /> against any property securing the lndebtedness. This includes a garnishment a� any af Trustar's aGcaunts,
<br /> in�luding depasit acGaun�s, wi�h Lender. Howe�er� this E��nt �f Qefault shall not appfy if there is a gvad faith
<br /> dispute by Trus�or as t�th� validity ar reasonableness Qf the claim which is the basis af the creditor or f�rfeiture
<br /> praceeding and if Trustor gives Lender written na�ice af the creditor or forfeiture p�oe��ding and deposits with
<br /> Lender mon�es or a surety bond for the Greditar or forfeiture praceeding, in an amaunt d�termined by Lender, in its
<br /> sole dis�retivn, as b�ing an adequa�e reserve or bond for th�dispute.
<br /> Brea�h of�ther Agreement. Any brea�h by Trustvr under the terms af any ❑ther agreement hetween T�usto�and
<br /> L�nder that is not �emedied within any grac� period pro�ided therein, inclu�ing wi�hvut limitation any agreement
<br /> �vncerning any inde�tedness vr vth�r obligatian o�Trustor to Lender, whether existing n�w❑r later.
<br /> E��nts Affecfiing �uarantvr. Any of the preceding ��ents o��urs with r�sp�ct ta any guaranto�, endorser, surety,
<br /> ar accommodation party of any of the Indeb#edness vr any guarantar, endarser, surety, or accammoda�ion party
<br /> dies �r bec�rnes �ncompetent, or re�okes or disputes the �alidi�y ❑f, or liability under, any Guar�nty of the
<br /> Indebtedness.
<br /> Ad►rerse Chan�e. A mat�ria! adve�se change v��urs in Trustvr's financia� candition, or Lender befie�es the
<br /> pr�spect of payment ar perfvrmance af the Indeb�edness is�mpaired.
<br /> inse�urity. Lender in gvod�aith kaef�eves itseif insecure.
<br /> Right to Cure. [f any default.other than a de�ault in payment, is Gurab��and i�Trustor has nat k�een gi��n a natic�
<br /> af a breach of th�sarne provisiQn o�f this Deed❑f Trust►rvithin the prec�ding twelrre ��2j manths, it may be cured i�r
<br /> Trustor, after Lender sends written notice to Trustor demanding cur�vf such d�faul�: �1� cures the default wi�th�n
<br /> fiwenty �24} days; ❑r ��] if the cure requires mor� �han twenty t2flJ days, immedi�tely initiates steps whiGh
<br /> Lender deems in Lend�r's sale dis�retion tv be sufficient tv cure the default and �herea�k�r �ontinues and
<br /> comple�es all reasonahle and ne��ssa�y steps suf�Ficient�o produce campfiance as sovn as reasanably practicaf.
<br /> RIGHTS AND�Ei1rIEDIES ❑N ❑EF►4ULT. i�an Even�of Defaul# ❑ccurs under this Deed of Trust, at any time thereafte�,
<br /> Trustee or Lender may exercise any one or rnore of the fv!!a►rving righ�s and remedies:
<br /> Accelera#ion Upon C]efauit;Additional Remedies. If any E�ent vf Default occurs as per th�terms 4f the Nate
<br /> secured her�by, Lender may declare all Indebtedness se�ured by this❑eed❑f Trust t❑be due and paya�le and
<br /> the same sha[l thereupon be�Qme due and payabie withaut any pres�ntrnent,demand, pratest❑r nvtice fl�any
<br /> kind. Thereafter, Lender may:
<br /> �a� Ei�her in pers�n o� by agent, with or without br�ng�ng any actian or proceeding, vr by a recei�rer
<br /> appvinted by a��urt and withaut regard to the adequacy ❑�its security, �nter upan and take passession
<br /> of�he Property,or any par�thereof, in its avvn name or En�he name of Trustee, and do any acts whi�h it
<br /> deems necessary ar desirable�to pr�serve the�alue, marketability or rentahility o#the Property,�r part of
<br /> the Praper�y or interest in the Property; �ncrease�he in�ome from the Property ar protect the security of
<br /> the Property; and, with ❑r withaut �ak�n� possession ❑f the Pr�perty� sue f�r or other►rvise �all��t the
<br /> rents. issu�s and pro��ts of the Pr�perty, ineluding thos� pasfi du� and unpaid; and apply the same. less
<br /> cos�s and expenses�f�p�ra��on and collection attorn�ys' tees,to any indebtedness secured by this Deed
<br /> of Trust, al1 in such arde� as Lender may determine. The entering upon and taking possession o�r the
<br /> Praperty, the cvtlection of 5l.lCh �ents, issues and pra#its, and the applicativn therevf shall not cure vr
<br /> wai�� any default❑r notice of default under this ❑eed �f Trust vr in�alidate�ny act done in respanse t❑
<br /> such de�ault o�pursuant�o such nofiice�f default;and, nv�withstand�ng the cantinuan�e in poss�ssian o�
<br /> the Prvperty or the cvlle�ti�n, receipt and application o�rents, issu�s or prvfits, Trustee ❑r Lender shal�
<br /> be entitied�o�xercise eUery right pr��ided far in#he Note or the R�la��d Documents or by law upon the
<br /> vccurrence o�any e��nt o�defiau��, including th�right ta exer�ise the power of sale;
<br /> �b� Cornmence an a�tian t❑farec[ose�his Deed afi Trust as a martgage, appaint a recei�er or spe��#ically
<br /> enf�rce any❑f the�ovenants hereo�; and
<br /> �c� Deli�er to T�ustee a vvrit�en declaration of defau�t and demand�vr sale and a written notice vf d�fault
<br /> and elec�ion tv cause Trustor's interest in the Property to be sold, which nvt�ce Trustee shall cause#o be
<br /> duly�Filed for recvrd En the appropriat�❑�f�ces o��he Coun�y in which the Property is facated; and
<br /> {d} With respect�n alf or any part of the Personal Property, Lender shalf ha�e all the rights and remedies
<br /> of a secured party under the Nebrasl�a Unifarm Commercial Code.
<br /> Fore�losure hy Power af Sale. 1�Lender elects to foreclos� by exer�ise�f the Power of Sale herein contained,
<br /> Lender shall notify Trus�ee and shall deposit with Trustee th�s �eed af Trust and the N�te and su�h receipts
<br /> and evidence of expenditures ma�e and se�ured by this Deed of Trust as Trustee may require.
<br /> �af Upon re�eipt v�such notice fram Lender,Trustee shall cause to be recorded, publEshed and deli�ered
<br /> to Trustor such Notice af Default and Natice of 5ale as then required by law and by this Deed of Trust.
<br /> Trustee shall, withvu� demand on Trustor. after such time as may then be required by law and after
<br /> re�vrdation of such [V�tice of aefault and aft�r No#ice ❑�5ale ha�ing been gi�en as required by law, sell
<br /> the Property at �he tirne and place af saie fi��ced by it in such No�ice of Sa[e, ei�Cher as a whole, or �n
<br /> separate lots or parcels or items as Trustee shall deem expedient, and in su�h order as it may determine,
<br /> at public auction ta the highest hidder#or�ash in �aw�u! rnoney of the lJnited 5tates payabfe at the tirne
<br /> of sale. Truste� shall deli�er fio such pur�haser or purchasers thereof its gv�d and sufficient de�d or
<br /> d�eds �vn�ey�ng the praperty so soid, l�ut withvut any cv�enan� or warranty, �xpress ar impli�d. The
<br /> recitals in such deed af any matters or �acts shall be cvn�lusi�e prvo�F ofi the truthfufness thereof. Any
<br /> person, including withaut lirnitatian Trustor,Trustee, or Lender, may purchase at such sal�.
<br /> �b} As may �e permitted by law, after deducting ali costs, fees and expenses of Trustee and of this
<br /> Trust, including casts❑f e��dence❑f titl��n connection w�th sale,T�ust�e shaf! app�y the proc�eds❑f sale
<br /> to payment of �if afi sums expended under th�terms flf this Deed of Trus�vr�nder the terms of the Nvte
<br /> not then repaid, 'tncluding k�u� nat fimited �v accrued interest and iate charges, �ii} a!! oth�r sums then
<br /> s�cured hereby, and �iii�the remaind�r, �f any, ta the persan or persvns��gally entitled�here�a.
<br /> �cf Trustee may En the mann�r pro�ided by!av►r postpvne sale Qf al1 or any portion vf#he Property. �
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